Federal Trade Commission Act of 1979

[AI summary unavailable — showing source text] Federal Trade Commission Act of 1979 - States that existing provisions of Federal law declaring as illegal any unfair act or practice affecting commerce shall not apply to commercial advertising. Limits the authority of the Federal Trade Commission with respect to advertising to cases of deceptive or false advertising. Prohibits the Commission from disclosing, except for law enforcement purposes: (1) any confidential commercial or financial information obtained by the Commission; (2) any information protected against disclosure by an Act of Congress; or (3) any information which can be used to identify the line-of-business data furnished by a particular organization. Prohibits examination of such line-of-business data by anyone other than an officer designated by the Commission. Stipulates that such data shall be used only for statistical purposes. Amends the rulemaking process and authority of the Commission. Authorizes the Commission to prescribe rules which define false and deceptive advertising in or affecting commerce. Requires the Commission to include in the notice of any proposed rule the text of the rule and proposed alternatives. States that provisions of Federal law gove…